Fantom (FTM) & Celestia (TIA) Demonstrate Extensive Strength, Aim to Reclaim Their Resistance in September

The post Fantom (FTM) & Celestia (TIA) Demonstrate Extensive Strength, Aim to Reclaim Their Resistance in September appeared first on Coinpedia Fintech News

No sooner than the Bitcoin price displays some bullish possibility, the altcoins have begun to thrive to some extent. The Fantom (FTM) price displays immense strength with over 10% gains, while the Celestia (TIA) price follows suit. As the trade is heading towards the end of the quarterly trade, the prices of the cryptos are expected to experience a minor upswing and keep up the bullish possibility. 

During the second quarter, the Fantom price experienced a major setback as the bearish activity intensified. After rebounding from the lows in August, the price is flashing bullish signals and a huge possibility of reclaiming the lost levels. However, to do so, the bulls may allow the bears to gain control for a while and trap them at the bottom. 

The FTM price has been trading within an ascending triangle since it flipped from the ascending support. The RSI is about to reach the upper threshold, which may result in a pullback, dragging the price to some extent. Meanwhile, the MACD continues to display dominance of the bulls and hence the rally may remain within bullish influence. The levels at $0.5 may act as strong support and trigger a rebound to break above the resistance at $0.55, leading to a rise above $0.6. 

The Celestia price underwent an 80% pullback after reaching the highs and was unable to rise above the descending resistance until the latest breakout. The bulls seem to be gaining back their strength and, as a result, a 45% upswing could materialize if the rebound is validated. However, the bullish strength does not appear to remain above the range and hence the token may maintain a horizontal consolidation for a while. 

The TIA price was constantly trying to break above the resistance after facing the rejection from the yearly highs. The Bollinger bands have begun to squeeze and all the levels of the DMI have approached. Meanwhile, they have undergone a bullish crossover but to validate a bullish reversal, the upswing is expected to continue. Hence, the upcoming couple of days may be extremely important for the TIA price rally, as a bullish continuation may elevate the levels to $8; otherwise, a drop may compel the bears to intensify their action.